| The Value Chain Approach: |
| A consideration of the Value Chain approach emphasises the importance of considering and taking into account, all of the wide range of factors that are relevant to individual commodities, processes or topics. If critical factors are not fully considered, there is a strong probability of failure. Take for example, the need to increase the value or quantity of production in a rural area - efforts and resources directed at increased crop or livestock produciton, or reduced losses, are unlikely to be of benefit if poor roads and lack of transport are important constraints and these are not at the same time dealt with. Similarly, those involved in production or processing need to be aware of and consider consumer choice and preference. |
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The Value Chain Approach to Poverty Reduction and Livelihoods Development |
Taking a value chain approach to economic development and poverty reduction involves addressing the major constraints and opportunities faced by farmers and producers, processors, traders and other businesses at multiple levels and points along a given value chain. This will inevitably include a wide range of activities such as ensuring access to the full range of necessary inputs, facilitating access to cheaper or better inputs, strengthening the delivery of business and financial services, enabling the flow of information, facilitating improved market access, or increasing access to higher-value markets or value-added products.
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For an overview and further details, see the Value Chain page
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